How to keep every bit of your vote rewards?
I learned that there is such a thing known as dust threshold in Hive.
Recently, I learned that there is basically a $0.02 payout threshold. If the payout from a post or comment does not exceed $0.02 (in USD), the curation reward for that post or comment will not be paid out.
All these thanks to comments on my earlier posts as shown below.
As I look back at some of my older comments, I realised that I did not eventually get any payout even though I have some upvotes then. 😭
I basically wasted those rewards.
Then the next question is How to keep every bit of your vote rewards?
I guess I could manually make sure those I upvoted clearly exceed the threshold.
But hey, there is the dustsweeper bot on Hive which will automatically monitor those posts that are upvoted by you, and upvote them if they need some push over the threshold!
There is a fee of sorts to be paid, though. Basically, you need to send a small amount of Hive to their account - dustsweeper. Whenever there is a need to top up the dust votes beyond the threshold they will deduct the amount of Hive you sent over. According to them, we never really lose anything as we earn it back through the curation rewards. Otherwise, our reward payout lesser than $0.02 will be lost anyway.
I do not guarantee that my interpretation is 100% correct. Therefore I leave the link to the dustsweeper tool here: https://peakd.com/dustsweeper/@dustsweeper/dustsweeper-s-faq
Let me get back to crying over my spilled dust votes for a while more, and I will fix this up. 😭
P/S: This is not financial advice, and please do your own due diligence before investing.
If you read this far... and if you are a like-minded Hiver who is on the path to learning more about Hive and crypto investing, and if you like to be tagged when I write such posts, I welcome you to leave a comment below and let me know. We can form an alliance to support each other's growth.
You might be interested in this post, @jacoalberts, @young-kedar, @svanbo and @hankanon!
Posted Using LeoFinance Beta
I also learned it quite recently that there must something called dust votes. It's when the dustsweeper account upvoted one of my comments. I clicked on the profile and went down the rabbit hole. There are still some users who don't know about dust votes, especially newbies. It's good that you too know about it now :)
I feel i am kinda late to the party! Lol
!PIZZA
Dustsweeper is awesome.
Can definitely vouch for the tool working great.
Especially around Threads where lots of votes are low %.
Posted Using LeoFinance Beta
This should be something new Hivers hear about within 5 minutes of signing up! So valuable!
!PIZZA
Yes, the dust threshold is annoying and dustsweeper is a good way to stop that. Make sure to put your votes within 24 hours of the post/comment as well so you don't get a penalty in your curation rewards.
Posted Using LeoFinance Beta
I didn’t know about the 24 hours rule. Let me check it out!
!PIZZA
I gifted $PIZZA slices here:
@cryptothesis(1/15) tipped @pazartesi (x1)
cryptothesis tipped forexbrokr (x1)
cryptothesis tipped jfang003 (x1)
cryptothesis tipped anonymous02 (x1)
cryptothesis tipped young-kedar (x1)
cryptothesis tipped industriousliv (x1)
Please vote for pizza.witness!
Love that dustsweeper. It really gave a good boost before my upvotes were worth more. Now that I am back to a low upvote I’ll have to check into it again.
Indeed I love the ingenuity!
!PIZZA
Am just learning about this right now, although dustsweeper is yet to clarify. However, after reading the comment after your post it all make sense now
Thanks for sharing
!PIZZA
Heard about dustsweeper before but didn't get the concept. Now that I read yours makes more sense! Got it now. Everyone should use it especially if you love using Leo Threads x Dbuzz.
Yes, I am amazed by the ingenuity of the creators. Everyone should try it.
!PIZZA
I just tried!